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billionaires101

10-20-2018 02:35 PM

How to have multiple stealth business accounts?

Hey everyone, due to a high volume of sales I recently needed to upgrade my stealth pp to a business account. This means I had to apply for an EIN and attach it. With the paperwork sent, it said you can only have one EIN per person, no matter how many businesses I have. How would this work if I need a second pp account (which looks like might be the case)? Hope this makes sense and someone can help me out. Thanks!

phaz0rz

10-20-2018 03:13 PM

Re: How to have multiple stealth business accounts?

You can get as many LLC EIN's as you want. You're only limited to 1 sole proprietor EIN. The only restriction I saw mentioned on the IRS application page is that you can only apply for 1 EIN per day.

billionaires101

10-20-2018 03:23 PM

Re: How to have multiple stealth business accounts?

Quote:

Originally Posted by phaz0rz (Post 951364)

You can get as many LLC EIN's as you want. You're only limited to 1 sole proprietor EIN. The only restriction I saw mentioned on the IRS application page is that you can only apply for 1 EIN per day.

Wow thats great news! Thank you for clearing that up, and thanks for the quick reply.

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